{"id":32541,"date":"2022-08-11T03:21:09","date_gmt":"2022-08-11T06:21:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32541"},"modified":"2026-04-23T06:01:17","modified_gmt":"2026-04-23T09:01:17","slug":"landing-international-expects-to-record-increase-in-revenue-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/landing-international-expects-to-record-increase-in-revenue-for-h1","title":{"rendered":"Landing International expects to record increase in revenue for H1"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Landing International Development expects to record an increase in consolidated revenue of about 45 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.-\u00a0<strong>Landing International Development\u00a0<\/strong>has issued a profit warning to the Hong Kong Stock Exchange announcing that it expects to record an increase in consolidated revenue of \u201capproximately 45 per cent\u201d for the first half of the year despite a decline in gaming revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said its consolidated net loss could decrease by approximately 65 \u200b\u200bto 85 per cent for the six months ended June 30 compared with the same period in 2021. It said the year-over-year improvement was due to\u00a0<strong>higher spending by South Korean customers at its Jeju Shinhwa World resort<\/strong>. It said growth was driven by several marketing campaigns.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Landing International also anticipated an increase in residential property sales; a drop in amortisation and depreciation costs; a decline in operating expenses &#8220;resulting from stringent cost controls&#8221;; an increase in investment property fair values; and a potential impact on the recognition of intangible asset impairments and reversal of trade receivable impairments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2021,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/landing-international-reports-loss-of-us134-9m-for-2021\" rel=\"noreferrer noopener\">the company<\/a>&nbsp;posted a loss of HKD1.06bn (US$134.9m). Consolidated revenue was up&nbsp;<strong>71.3 per cent year-on-year<\/strong>&nbsp;to HKD1.35bn. However,&nbsp;<strong>gaming-segment revenue was down 52.5 per cent&nbsp;<\/strong>to HKD88.6m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to<strong>&nbsp;the Jeju Tourism Organization<\/strong>, the number of foreign tourists to Jeju Island was 4,574 in May; 5,922 in June; and 3,552 between July 1 and 17. Due to Covid-19 countermeasures and travel restrictions, in 2020 and 2021, the number of arrivals on Jeju Island was 212,767 and 48,278, respectively, down 87.7 per cent and 77.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landing International Development expects to record an increase in consolidated revenue of about 45 per cent.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Landing International Development projects a 45% increase in H1 consolidated revenue and a 65-85% reduction in net loss, primarily driven by non-gaming segments such as residential property sales and rigorous cost controls at Jeju Shinhwa World. This financial improvement occurs despite a reported decline in gaming-segment revenue, signaling a strategic diversification of revenue streams amidst the ongoing recovery of the South Korean tourism market.","focusai_entities":"Landing International Development, Jeju Shinhwa World, Jeju Tourism Organization","focusai_location":"South Korea, Jeju Island, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Gaming Revenue Decline","query":"What specific factors contributed to the 52.5% decline in Landing International's gaming-segment revenue in 2021, and what is the projected outlook for this vertical in H2 given the overall consolidated revenue growth?"},{"label":"Non-Gaming Strategy","query":"How sustainable is Landing International's strategy of leveraging residential property sales and investment property fair value increases to offset gaming revenue declines, and what is the long-term plan for balancing these revenue streams?"}],"footnotes":""},"categories":[16338,163],"tags":[23924],"class_list":["post-32541","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-landing-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32541"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32541\/revisions"}],"predecessor-version":[{"id":32572,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32541\/revisions\/32572"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}